Sei Investments Co. Lowers Holdings in Welltower Inc. (NYSE:WELL)

Sei Investments Co. lessened its stake in Welltower Inc. (NYSE:WELL) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,559,488 shares of the real estate investment trust’s stock after selling 57,262 shares during the quarter. Sei Investments Co.’s holdings in Welltower were worth $322,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Retirement Systems of Alabama increased its holdings in Welltower by 3.7% in the 3rd quarter. Retirement Systems of Alabama now owns 470,419 shares of the real estate investment trust’s stock worth $60,228,000 after buying an additional 16,946 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Welltower by 120.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,417 shares of the real estate investment trust’s stock worth $1,817,000 after buying an additional 7,872 shares in the last quarter. Barclays PLC increased its holdings in Welltower by 29.2% in the 3rd quarter. Barclays PLC now owns 1,684,446 shares of the real estate investment trust’s stock worth $215,659,000 after buying an additional 380,888 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Welltower by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,456 shares of the real estate investment trust’s stock worth $1,696,000 after buying an additional 2,250 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Welltower by 17.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,936,954 shares of the real estate investment trust’s stock valued at $244,114,000 after purchasing an additional 285,015 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Welltower Stock Performance

Shares of NYSE WELL opened at $146.84 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.22. The firm has a fifty day moving average price of $143.50 and a 200-day moving average price of $134.62. Welltower Inc. has a 1 year low of $87.87 and a 1 year high of $158.55. The stock has a market cap of $94.17 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.20.

Welltower (NYSE:WELL) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 11.91% and a return on equity of 3.15%. Equities analysts anticipate that Welltower Inc. will post 4.88 earnings per share for the current fiscal year.

Welltower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 annualized dividend and a yield of 1.83%. Welltower’s dividend payout ratio (DPR) is currently 171.79%.

Wall Street Analysts Forecast Growth

WELL has been the subject of a number of recent research reports. Mizuho boosted their price target on Welltower from $141.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upgraded Welltower from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $146.00 to $168.00 in a research note on Friday, February 28th. Evercore ISI boosted their price target on Welltower from $144.00 to $145.00 and gave the company an “in-line” rating in a research note on Tuesday, March 4th. Wells Fargo & Company boosted their price target on Welltower from $140.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, March 10th. Finally, Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and boosted their price target for the company from $132.00 to $147.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.46.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.